Dillon & Associates Inc. Has $879,000 Holdings in Constellation Brands Inc $STZ

Dillon & Associates Inc. cut its holdings in Constellation Brands Inc (NYSE:STZ) by 69.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,394 shares of the company’s stock after selling 12,465 shares during the quarter. Dillon & Associates Inc.’s holdings in Constellation Brands were worth $879,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in STZ. Gilbert & Cook Inc. increased its holdings in shares of Constellation Brands by 2.6% during the second quarter. Gilbert & Cook Inc. now owns 2,385 shares of the company’s stock valued at $388,000 after acquiring an additional 60 shares in the last quarter. World Investment Advisors grew its holdings in Constellation Brands by 1.7% during the first quarter. World Investment Advisors now owns 3,801 shares of the company’s stock worth $698,000 after buying an additional 62 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in Constellation Brands by 3.8% during the second quarter. V Square Quantitative Management LLC now owns 1,682 shares of the company’s stock worth $274,000 after buying an additional 62 shares in the last quarter. Oak Asset Management LLC grew its holdings in Constellation Brands by 0.4% during the second quarter. Oak Asset Management LLC now owns 18,281 shares of the company’s stock worth $2,974,000 after buying an additional 70 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in Constellation Brands by 9.9% during the first quarter. Geneos Wealth Management Inc. now owns 813 shares of the company’s stock worth $149,000 after buying an additional 73 shares in the last quarter. 77.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Cowen reissued a “hold” rating on shares of Constellation Brands in a research report on Monday, July 7th. Zacks Research cut Constellation Brands from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 9th. Citigroup dropped their price target on Constellation Brands from $155.00 to $145.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 23rd. Bank of America dropped their price target on Constellation Brands from $150.00 to $142.00 and set an “underperform” rating on the stock in a research report on Wednesday, September 3rd. Finally, The Goldman Sachs Group dropped their price target on Constellation Brands from $196.00 to $168.00 and set a “buy” rating on the stock in a research report on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $186.44.

Constellation Brands Stock Performance

NYSE:STZ opened at $130.73 on Tuesday. The business’s 50-day moving average price is $140.82 and its two-hundred day moving average price is $162.92. Constellation Brands Inc has a twelve month low of $127.00 and a twelve month high of $245.31. The stock has a market cap of $22.88 billion, a P/E ratio of 19.09, a PEG ratio of 0.39 and a beta of 1.75. The company has a quick ratio of 0.54, a current ratio of 1.08 and a debt-to-equity ratio of 1.26.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Thursday, February 23rd. The company reported $3.12 earnings per share for the quarter. The firm had revenue of $2.32 billion for the quarter. Constellation Brands had a return on equity of 29.82% and a net margin of 11.88%. As a group, equities analysts predict that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Investors of record on Thursday, October 30th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.1%. The ex-dividend date is Thursday, October 30th. Constellation Brands’s dividend payout ratio (DPR) is presently 59.56%.

Constellation Brands Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.